Chainlink ETF

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X @BSCN
BSCN· 2025-08-26 23:50
Regulatory Filing - Bitwise has filed an S-1 with the SEC for a Chainlink ETF, aiming to provide regulated exposure to $LINK [1] - The proposed ETF will directly hold LINK and track the CME CF Chainlink-Dollar Reference Rate [1] - The ETF shares are expected to be listed on a U_S_ national exchange, venue undisclosed [2] - Standard creation and redemption processes are detailed, allowing both in-kind and cash transactions [3] Fund Structure and Custody - Coinbase Custody Trust Company is proposed as the custodian, with Coinbase, Inc_ as the prime execution agent [1] - The ETF will not include staking LINK, focusing solely on spot market price exposure [2] Strategic Rationale - The ETF filing aligns with Bitwise's strategy to diversify single-token crypto products beyond Bitcoin and Ethereum [3] - Bitwise views Chainlink as a key player in the tokenization narrative and blockchain infrastructure [4] - Approval of the Bitwise Chainlink ETF would mark a significant expansion of Wall Street into the digital asset sector, focusing on oracle network tokens [4]
X @Decrypt
Decrypt· 2025-08-26 18:55
Crypto asset manager Bitwise files SEC application for Chainlink ETF with direct LINK token holdings and in-kind redemption feature.Read more: https://t.co/Xv3jaWlvUE ...
X @Decrypt
Decrypt· 2025-08-26 16:56
ETF Filing - Bitwise files for a Chainlink ETF with in-kind creation and redemption [1]
X @BSCN
BSCN· 2025-08-26 15:45
ETF Filing & Structure - Bitwise has filed an S-1 with the SEC for a Chainlink ETF, aiming to provide regulated exposure to $LINK [1] - The proposed ETF will directly hold LINK and track the CME CF Chainlink-Dollar Reference Rate [1] - Coinbase Custody Trust Company is proposed as the custodian, with Coinbase, Inc, as the prime execution agent [1] - The ETF will not include staking provisions, focusing solely on spot market price exposure [2] - Standard creation and redemption processes are detailed, allowing for both in-kind and cash transactions via a "Trust-Directed Trade" process [3] Strategic Rationale & Market Impact - The ETF filing aligns with Bitwise's strategy to diversify single-token crypto products beyond Bitcoin and Ethereum [3] - Bitwise CIO Matt Hougan views Chainlink as a "cleanest" crypto play, highlighting its role in tokenization and blockchain infrastructure [4] - Approval of the Bitwise Chainlink ETF would mark a significant step in Wall Street's expansion into the digital asset sector, focusing on oracle network tokens [4]
X @Ash Crypto
Ash Crypto· 2025-08-26 10:16
ETF Filing - Bitwise has filed an S-1 for a Chainlink ($LINK) ETF [1] Market Outlook - The filing suggests a potential altseason confirmation in Q4 [1]